Down Payment Loan Program

Down Payment Loan Program es un préstamo condonable para compradores de vivienda en Honolulu, Hawaii. The City and County of Honolulu Department of Community Services (DCS) Down Payment Loan Program provides a zero-interest, zero-fee loan of up to $40,000 to qualified low- and moderate-income first-time homebuyers purchasing on Oahu. The loan is amortized over 20 years; at the end of each year the borrower makes on-time payments, an additional year's principal is forgiven, fully forgiving the loan by year 20. Borrowers must contribute at least 5% of the purchase price as cash down payment. Zero-fee, zero-interest down payment loan up to $40,000 amortized over 20 years. At the end of each year that the borrower makes their payments on time, an additional year's worth of payments is forgiven - effectively forgiving half the principal by year 10 and all of it by year 20. Borrower must contribute at least 5% of purchase price as their own cash down payment. Los fondos provienen de Local, Federal, HOME y CDBG.

Down Payment Loan Program se perdona después de 20 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por Monthly payments over 20 years (with annual on-time-payment forgiveness reducing principal) y due at sale, refinance, or non-occupancy. Forgiven over 20 years. La ayuda se registra con un gravamen en posición 2nd Lien. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

Down Payment Loan Program está abierto a compradores de vivienda por primera vez y compradores de vivienda que vivirán en la vivienda como su residencia principal. “Comprador de vivienda por primera vez” suele significar no haber sido dueño de una vivienda en los últimos tres años, pero el programa fija su propia definición. Sobre el crédito, el programa indica: Per first-mortgage product overlays. Se requiere un curso de educación para compradores de vivienda, a través de City and County of Honolulu-approved homeowner education course (e.g., Hawaii HomeOwnership Center) - completion required prior to loan application. Requisito de residencia: Property must be located on the island of Oahu (City and County of Honolulu) and used as borrower's primary residence. Ciudadanía o situación migratoria: U.S. citizen or U.S. permanent resident. Must be first-time homebuyer (no current ownership of residential property). Must be U.S. citizen or U.S. permanent resident. Must purchase a property on the island of Oahu (City and County of Honolulu). Must complete a City-approved homeowner education course before loan application. Borrower must provide at least 5% of purchase price as cash down payment. Annual gross household income must be within DCS limits for family size (80% AMI baseline).

Down Payment Loan Program limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Annual gross household income limits by family size, generally up to 80% of HUD Area Median Income for Honolulu County. 2025 Honolulu County 100% AMI = $129,300 (4-person). Seed range $77,950-$164,798 reflects family-size sliding scale and possible higher AMI tier. Verify current published income limits with DCS Loan Branch. El límite se aplica al ingreso total del hogar, no solo al del prestatario. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

Down Payment Loan Program limita el precio de compra así: Per first-mortgage product overlays; no published DCS purchase price cap. Los tipos de propiedad elegibles incluyen Single-family residence, condominium, townhouse - primary residence on Oahu. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

Down Payment Loan Program atiende a compradores de vivienda que compran en Honolulu, Hawaii.

Las solicitudes de Down Payment Loan Program se tramitan a través de la agencia que administra el programa, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Direct application to DCS Loan Branch (808-768-7076) prior to or at time of purchase contract; subject to available funding. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.